Property prices for sale in Westfield (Indiana)
The prices in real estate in Westfield, in the Indiana region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Westfield has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $735. In the following month the price per sq.feet decreased considerably to $197. The price for the following two months in (December, January) had a considerable decrease of 42 with regard to the prior two months. The price per sq.feet has decreased 91 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $331.5 to $300.5 during February, and March.
Based upon to the price in Westfield (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is $518,045. In November This price remains at $503,121. In the following two months the average price has remained the same with regard to the previous two months from $510,583 to $520,773. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from $515,678 to $486,924.5 in February and March.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $510,358 they are 98 % more affordable than the average price for Westfield. The properties with the highest average price have 4 bedrooms, Their price is 9 % more costly than the average. After that we have properties with 3 bedrooms priced at $430,647.
With regard to the average price per sq.feet , those properties with 1 bedroom are the cheapest ones at a cost of $11 / sq.feet, with an average $410 / sq.feet price in Westfield. The properties with the lowest average prices have 4 bedrooms. They are 19 % cheaper than the average followed by properties with 2 bedrooms with a price at $220 / sq.feet.
The graph displaying the average prices displays the property type "Condo" as the most affordable one. At an cost of $510,358 it is 34 % cheaper than the average price in Westfield. "House" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "House". At a price of $538,348 it is 8 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $180 / sq.feet followed by "House" priced at $280 / sq.feet. "Apartment" is the most costly type of property with a $66,868 / sq.feet cost followed by "House" with an average price of $280 / sq.feet.
